Assa Abloy AB - Company Profile
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Business Description
Assa Abloy AB (ASSA) is a supplier of intelligent door opening solutions. It offers a wide range of products such as mechanical lock and lock systems, electronic and electromechanical locks, identification technology, access control, security doors and hardware and entrance automation solutions. It serves residential, institutional and commercial end-customers market such as corporate workplaces, universities, hospitals, government agencies, shopping malls, and buildings with high security requirements.
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R&D Overview
ASSA has a well-structured process for R&D, which includes product and process design, industrialization, and market preparation. The company's R&D focus is on sustainability, digitalization, and portfolio expansion, aimed at stimulating profitable growth and expanding presence through strategic acquisitions. The company is also emphasizing innovation in equipment, building an installed base of connected products, and launching a next-generation digital service model with a subscription-based approach. ASSA has initiated a collaborative R&D project with Global Technologies to develop a new speed gate within the new product category, security entrance control. In addition, it launched 35 new products, including an innovative speed gate and a new generation of Sideswipe levelers for loading dock stations. ASSA has 176 R&D sites and more than 10,000 patents. In FY2023, the company invested SEK5,712 million on its R&D, which was 4.1% of the company’s revenue.
Product Categories
- Electromechanical and Electronic Locks
- Entrance Automation
- Mechanical Locks, Lock Systems and Fittings
- Security Doors and Hardware
Performance
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Performance
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Performance
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Performance
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Geographical Segments
Overview
Offers access control devices, electromechanical locks, mechanical locks, digital door locks, door frames, door fittings, cylinders, secure locker and security doors in the US, Mexico, Canada, Central America and South America. Serves residential, commercial and institutional sectors.
Performance
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Overview
Offers digital door locks, electromechanical locks, smart home access solutions, mechanical locks, high-security and fire doors and hardware in China, Australia, New Zealand and the rest of Asia. Offers its products under the brand names such as ASSA ABLOY and Yale.
Performance
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Overview
Offers mechanical locks, electromechanical locks, security doors, digital door locks, fire doors and hardware fittings in Europe, the Middle East and Africa under the ASSA ABLOY and Yale brands. Offers its products through several distribution channels and directly to residential and commercial end-users.
Performance
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Overview
Offers entrance automation products, components and service. Product portfolio comprises automatic swing, sliding and revolving doors; gate automation; hardware for overhead sectional doors and sensors; docking solutions; industrial doors; garage doors; high-performance doors and hangar doors.
Performance
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Overview
Offers secure identity solutions, and contactless identification technology solutions under the HID brand. Also, offers electronic lock systems, safes, minibars and energy management systems for hotels and cruise ships under VingCard and Elsafe brands. Serves healthcare, companies, financial, state institutions, education, and government sector.
Performance
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